Bray Jesse K sold $1.1M of RKT (indirect holdings)

Rocket Companies Inc. (RKT) stock rose 5.41% amid strong mortgage demand. Analysts cut price targets to $15–$17 but maintained positive ratings. RKT adopted VantageScore 4.0 for loans, aiming for more approvals and better pricing. The company reported $6.26B in annual revenue, with thin margins and negative free cash flow. Housing market data shows a buyer's market, but prices are still rising modestly.

U.S. September CPI rose 3.7% YoY, above expectations, driving premarket declines in rate-sensitive stocks. Gold miners and mortgage lenders led losses, with gold prices falling 1.1% and Rocket Companies (RKT) down 3.3%. Higher Treasury yields and a stronger dollar contributed to the declines. CoreWeave and Wayfair also fell due to rising borrowing costs and retail pressures.

Rocket Companies Inc. (RKT) shares fell 4.09% on concerns over mortgage demand and a lawsuit related to its Mr. Cooper acquisition. Wells Fargo cut its price target to $13, citing weaker earnings expectations. RKT's stock is trading near $11, with mixed fundamentals including $2.41B revenue and negative free cash flow. The lawsuit and analyst downgrade add to trading volatility.

Goldman Sachs upgraded Reckitt Benckiser to 'buy', citing accelerating sales growth and a 16% discount to sector earnings. It raised the price target to 6,500 pence and forecasts 4.5% organic sales growth in 2027-2028, driven by emerging markets and new products. Risks include litigation and lower-than-expected sales growth.

Wells Fargo reduced its price target for Rocket Cos Inc. to $13.00, citing a smaller mortgage market. The firm lowered its Q3 revenue estimate to $2.59B and adjusted its 2026/2027 EPS estimates. The stock trades at $11.68, down 40% YTD. Rocket's Q2 earnings missed estimates but noted market share gains. StoneX maintains a Buy rating with a $19.00 target.

Rocket Lab (RKLB) signed a multi-year deal with Synspective for 20 dedicated Electron launches, the largest in the rocket's history. Synspective, a private company, will use the launches to expand its SAR satellite constellation. The missions are scheduled between 2028 and 2031, supporting Synspective's global imaging plans. Financial details were not disclosed.